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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP declined less than expected in January
In the UK, GDP fell 2.90% on a MoM basis in January, compared to a rise of 1.20% in the prior month. Markets were expecting the GDP to record a fall of 4.90%.
UK manufacturing production fell more than expected in January
In the UK, manufacturing production eased 2.30% on a MoM basis in January, compared to an advance of 0.30% in the previous month. Markets were anticipating manufacturing production to fall 0.80%.
UK industrial production fell more than anticipated in January
In the UK, industrial production dropped 1.50% on a MoM basis in January, compared to a rise of 0.20% in the prior month. Markets were expecting industrial production to record a drop of 0.60%.
Euro-zone industrial production rose more than expected in January
In the Euro-zone, industrial production registered a rise of 0.80% on a MoM basis in January, compared to a revised drop of 0.10% in previous month. Markets were anticipating industrial production to rise 0.20%.
US consumer sentiment index climbed in March
In the US, the preliminary consumer sentiment index climbed to a reading of 83.00 in March, compared to a level of 76.80 in the previous month. Markets were expecting the index to record a rise to 78.50.
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